RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:From Dundee's Diamond Conference Thanks Kodiboy, actually, in the short term, if your new to this, you may see some growth in the SP, with Dundee pumping it, instead of selling into any positive news like they did for so long.
My point is long term, (applied only for the old f luckers like me, the long suffering longs), because of position, average price, paper (lots more to come) and basically just bad timing, I think we can do better elsewhere now.
I know I can.
There are Diamonds, CH6 has some great values, yes, but its tiny.
My problem is all the selling by Dundee on the good news has created a paper monster IMO. Now they are going to try and tame it. With no real substantial news expected until late 2015, into 2016 that is really meaningful (this summers program was timid at best, a few holes, some tiny caustic results, some poking around on the surface), they are going to have a tough time holding and growing SP until late 2015.
If this were last year, and Dundee was pumping PGD to clients and buying instead of selling into all the great news we got on CH-6, does anyone really think our shareprice would be at 18-20 cents? The financing at 21 cents? Not a chance. That is the real pity for the long suffering longs on this stock.
PGD is a good investment for newbies today IMO. If I was just stolling by... I would look, like the people, the institutions etc..
But now.....not near as good for the longs who have been around so long. We have been handed our papers, lots of it in fact.
The excitement for newbies could just be starting, (I would see what tax loss selling does first though).
I will be relieved with just a wash. Get rid of that 'old' smell....
My best advice to readers, never ever, take investment advice from a public chat room like SH, including mine, do your own DD
MHR